"Bitcoin is a cryptocurrency, which is to say a type of digital currency. Unlike traditional currencies, Bitcoin is not controlled by centralised financial institutions."
"Blockchain is the technology underpinning all cryptocurrencies, and many related products like non-fungible tokens (NFTs). In essence, it is a virtual spreadsheet on which all the buying and selling of crypto is recorded."
"Donald Trump has pledged to make the US the 'crypto capital of the world' - backtracking on his previous claim that Bitcoin was a 'scam'."
"The price of Bitcoin topped a much-awaited threshold of $100,000 in December 2024 and then rose to $120,000 in mid-July 2025."
Bitcoin's price reached $120,000, driven by a crypto-friendly stance from US President Donald Trump. Bitcoin is a type of digital currency not controlled by traditional financial institutions, leading to its volatility. Blockchain technology underlies Bitcoin and other cryptocurrencies, functioning as a virtual ledger for transactions. With Bitcoin's price surpassing $100,000 in December 2024, many are eager to understand cryptocurrencies and their mechanisms, especially as legislation around digital assets is discussed in the US.
Read at www.bbc.com
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